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Lorie3168

12/30/20 6:15 PM

#343793 RE: JTORENCE #343792

Is TLD definitely a material event? If so what is the time table? If it is a material event is there any situations that could extend the release of such information?

Lorie3168

12/30/20 6:28 PM

#343797 RE: JTORENCE #343792

I’ve been looking around and it seems to me a “Material Event” is loosely defined. Furthermore. We are on the OTC, I’m wondering how many other things are “loosely”defined.

skitahoe

12/30/20 6:44 PM

#343802 RE: JTORENCE #343792

TLD isn't something they have, it's something they create from all the data their contractors have gathered and consolidated. It's created by the officers in the company, an advisory panel, etc. but while it's just a few paragraphs, you can bet it's wordsmithed by many people before they release it. They don't receive money on it's release and while you can claim it's a material event, the company can hold it until they're satisfied about what it says, so that pretty much says they can hold it indefinitely.

If they received some monetary amount, then they'd have to announce that, but they didn't. I would hope that we'll get the TLD statement in the not to distant future, if they're waiting to add something to the statement, like announcing the trial will be published in the NEJM on XX January 2021, they can't say it until they've been advised that it will happen. They do not need to announce such a presentation in TLD, but if they made the determination they want it in their, they'll wait for confirmation. Likewise if they submitted an Abstract for a presentation at a technical conference, they can announce it only after being notified it's been accepted for presentation.

TLD doesn't normally not get issued before either technical presentation or publication are assured, but I don't believe that anything has been violated if the company waits for such an assurance. In that we're in the holiday period, a time that many key people aren't present, it's best that it waits until most are back to work. Sometime early next week would get the year off to a great start.

Gary

biosectinvestor

12/30/20 8:00 PM

#343816 RE: JTORENCE #343792

It’s not a required 4 day disclosure, bad or good. People keep saying something that is absolutely not true. And it doesn’t matter if it would be “material” in a fraud suit if they lied about it or deceived about it... those are distinct events triggered by law suits only. The 4 day disclosure requirement is a regulatory requirements outlined in the Form 8K instructions. It is narrow, specific and is not about the receipt of trial data.